Entra Asa (ENTOF) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.677 Good morning all and welcome to ENFRA's third quarter presentation. 00:00:04.677 -- 00:00:09.162 Let me start by letting you know what you can see on this picture here. 00:00:09.162 -- 00:00:14.748 This is our building in Nonnesetegaten 4, where we currently have an ongoing project. 00:00:14.748 -- 00:00:19.835 As you can see, it's located spot on the central train station 00:00:19.835 -- 00:00:24.128 in Bergen and also with the metro next to it. 00:00:24.128 -- 00:00:30.173 If we move on to the highlights in the quarter, rental income of $767 00:00:30.516 -- 00:00:35.842 million this quarter, which is $3 million with the same quarter last 00:00:35.842 -- 00:00:40.505 year. Net income from property management of $328 00:00:40.608 -- 00:00:45.654 million, which is up then by $10 million from last year. 00:00:45.654 -- 00:00:50.720 And fairly limited net value changes this quarter with minus $11 00:00:50.720 -- 00:00:55.931 million. Profit before tax of 326 million in 00:00:55.931 -- 00:00:57.834 the quarter. 00:00:57.834 -- 00:01:03.845 Our net asset value increased with 1 kroner per share, 267. 00:01:03.845 -- 00:01:05.528 And 00:01:05.528 -- 00:01:10.577 happy to once again see that we have a positive net letting this quarter 00:01:10.577 -- 00:01:14.407 with 10 million. Our 00:01:14.407 -- 00:01:19.575 board has decided to resume the semi-annual dividends 00:01:19.575 -- 00:01:22.820 and at the same time also revised 00:01:22.820 -- 00:01:25.942 our dividend policy. 00:01:26.566 -- 00:01:30.012 Since the IPO, we have had dividend 00:01:30.012 -- 00:01:33.818 policy to distribute around 60% 00:01:33.818 -- 00:01:39.323 of cash earnings as cash dividend. Dividends were suspended 00:01:39.323 -- 00:01:44.352 in 2023 and 2024 to stre...